Business News

Push on with the 'great unwinding', BIS tells central banks

LONDON Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.The BIS, an umbrella body for leading central banks, said in one of its most upbeat annual reports for years that global growth could soon be back at long-term average levels after a s...

25 Jun 2:49 PM 0 Read More...

Australia to seek greater powers on encrypted messaging at ‘Five eyes’ meeting

25 Jun, 2017 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. SYDNEY Australia said on Sunday it will push for greater powers to tackle the use of encrypted messaging services used by terrorists and criminals at an upcoming meeting of ministers ...

25 Jun 9:45 AM 0 Read More...

British lawmakers hit by ‘sustained’ cyber attack

24 Jun, 2017 EngageNewswire.com is a high ranking blog, press release and news publishing website. We publish content from trusted sources. LONDON Britain’s parliament was hit by a “sustained and determined” cyber attack on Saturday designed to identify weak email passwords, just over a month after a ransomware worm...

24 Jun 11:36 PM 0 Read More...

Oil’s drop could leave a stain on earnings

NEW YORK Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004. However, drilling a hole into that hopeful scenario is the current bear market in oil prices and an economy showing signs of growth below the pace expected earlier in the year. “A lot of the expectation ...

24 Jun 8:29 AM 0 Read More...

Oil's drop could leave a stain on earnings

NEW YORK Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.However, drilling a hole into that hopeful scenario is the current bear market in oil prices and an economy showing signs of growth below the pace expected earlier in the year."A lot of the expectation for ...

24 Jun 3:24 AM 0 Read More...

Tech, energy shares lift Wall Street

NEW YORK Wall Street ended higher on Friday as gains in tech and energy stocks more than offset weakness in the financial sector, while a slide in Home Depot kept the Dow in check. The Dow Jones Industrial Average .DJI fell 2.53 points, or 0.01 percent, to 21,394.76, the S&P 500 .SPX gained 3.8 points, or 0.16 percent, to 2,438.3 and the Nasdaq Composite .IXIC added 28.57 point...

23 Jun 10:22 PM 0 Read More...

Exclusive: Wal-Mart not considering a bid for Whole Foods - source

Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.Whole Foods, which accepted a $13.7 billion offer from Amazon.com Inc last week, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential. Wal-Mart spokesman Greg Hitt declined...

23 Jun 10:22 PM 0 Read More...

GM settles hundreds of ignition switch lawsuits

NEW YORK General Motors Co (GM.N) has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.Settlement terms are confidential, but the accord could also resolve hundreds of state court claims, as well, lawyers for the automaker said in the filing in Manhattan federal court.Lawyers for the settling plaintiffs could not immediate...

23 Jun 10:22 PM 0 Read More...

Exclusive: Eddie Bauer to explore options including sale - sources

Debt-laden U.S. outerwear and outdoor gear retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.Eddie Bauer has hired Guggenheim Partners LLC and Financo LLC to explore its options, the people said. They said the company is not currently pursuing a debt restructuring, although it is seeking ...

23 Jun 10:22 PM 0 Read More...

SeaWorld subpoenaed on disclosures about 'Blackfish' impact

SeaWorld Entertainment Inc (SEAS.N) said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities. The investigation relates to disclosures and public statements made by the company, certain executives and individuals on or be...

23 Jun 10:22 PM 0 Read More...